New Investment Project Application (IPA) has been discussed between the Council for the Development of Cambodia (CDC), and government ministries and institutions to examine the possibility of increasing the convenience for investors who are looking forward to investing in Cambodia.

The discussion was led by H.E. SUN Chanthol, Deputy Prime Minister and First Vice President of the CDC, and attended by H.E. Mrs. CHAM Nimul, Minister of Commerce; H.E. KONG Vibol, Minister Attached the Prime Minister and Director General of the Ministry of Economy and Finance’s General Department of Taxation; H.E. KUN Nhem, Minister Attached the Prime Minister and Director General of Ministry of Economy and Finance’s General Department of Customs and Excise; and many other senior officials and representatives from relevant government ministries and institutions.

The meeting, held at the CDC’s headquarters on Aug. 12, also aimed to facilitate relevant ministries and institutions in managing and increasing the effectiveness of up
dating investment-related data through IPA between the CDC’s system and inter-ministries’ and institutions’ system.

On the occasion, H.E. SUN Chanthol appreciated the active idea sharing among the participating ministries and institutions and their support for the implementation of the Royal Government of Cambodia (RGC)’s strategic plans to increase the efficiency of attracting investors to boost the national economy, especially to take advantage of digital technology to facilitate investor attraction.

The meeting agreed with the preparation of the CDC’s new technological system in accordance with the Law on Investment of Cambodia, and pledged to closely collaborate in IPA by providing maximum convenience for all investors in Cambodia to attain the RGC’s vision of turning the country into an upper middle-income economy by 2030 and a high-income nation by 2050.

Source: Agence Kampuchea Presse